Dalton, GA, Oct. 8, 2013 — Miami-based private equity firm H.I.G. Capital said it has made a strategic investment in specialty carpet firm Lexmark Carpet Mills of Dalton.
Terms of the investment were not disclosed.
Todd White, founder and CEO of Lexmark, said, “We are very excited about this next stage for Lexmark. Our partnership with H.I.G. will provide us with financial and operating resources that will enable us to further capitalize on our significant growth potential at an exciting time for our industry.”
Lexmark makes broadloom carpet for hospitality, residential and niche commercial applications and has been in business since 1993.
H.I.G. has more than $13 billion of equity capital under management.